Mythik has raised an additional $5 million in funding, while wearable startup Sychedelic has secured $3.5 million in a seed funding round.
Mythik raises $5m more
Mythik, a global entertainment company founded by Jason Kothari, has raised an additional $5 million funding, it announced on Wednesday.
The new investors include Harsh Jain, founder & CEO, Dream11; Rajat Gupta, former global MD McKinsey & co-founder, ISB; Zubin Bharti Mittal, Bharti Mittal Family Office; Ishan Sinha, Head of Private Investing, Point 72, a global investment firm with over $50 billion in AUM; Blume Founder’s Fund; and Rooshabh Shah, MD, SVAR Projects, among others.
The funding also saw continued participation from existing investors, including Sakal Media Group, a media group led by Abhijit Pawar; Jason Kothari, founder & CEO, Mythik; Anirudh Patni, Patni Family Office; Samarth Parekh, Parekh Family Office; and Samir Vora, former Group CEO, Enam Asset Management, among others.
The latest infusion saw the company’s valuation jump to over $50 million.
TurboStart, Ideabaaz invest in Sychedelic
Wearable startup Sychedelic has secured $3.5 million (approximately Rs 31.5 crore) in a seed funding round led by TurboStart, Ideabaaz and Praveek Ventures, along with participation from angel investors across India, the UAE, and the NRI community.
The company plans to use the fresh capital to boost marketing efforts, scale up manufacturing, expand research initiatives, and support its upcoming global Kickstarter launch scheduled for May 2026, Entrackr reported.
Founded in 2024 by Ria Rustagi and Bhavya Madan, Sychedelic has developed headphones to promote better rest and mental clarity without medication. The product combines PPG sensors, binaural beats, and low-intensity electrical stimulation to guide the brain into calm or alert states.
